ReconArt is an integrated, fully web-based, best practice solution designed to automate and manage all aspects of business data reconciliation. It is fully configurable, scalable, fast, and a technology leader in the complex high-volume transaction matching. Functionality: ReconArt consolidates and automates all stages of the reconciliation lifecycle: File import/export* Data transformation Matching at transaction and
ReconArt is an integrated, fully web-based, best practice solution designed to automate and manage all aspects of business data reconciliation. It is fully configurable, scalable, fast, and a technology leader in the complex high-volume transaction matching.
Functionality:
ReconArt consolidates and automates all stages of the reconciliation lifecycle:
File import/export*
Data transformation
Matching at transaction and balance level
Exceptions identification and management
Reporting and analytics
Task scheduling
Period-end close & balance sheet certification workflows
Compliance and audit readiness
Variance analysis
Journal entries back to the GL
*All common file formats are supported (SWIFT MT, ACH, BAI, FIRD, XLS, CSV, XML, etc.).
Benefits:
Significant time savings and lower business costs
Reduced manual effort and a viable replacement for obsolete methods such as spreadsheets
Integrated platform instead of disparate tools and patched-up solutions
Automation to prevent human errors and improve matching rates
Streamlined process, reporting visibility and improved operational efficiency
Enhanced multi-level control from single transaction to balance of accounts, granular audit trail
Timely identification of risk incidents
Intuitive & business user friendly, no heavy IT involvement
Flexible and configurable for all industry specifics
Scalability – industry benchmark for high volume transaction processing without performance drawbacks
Seamless integration with ERPs, internal systems and third-party platforms